Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1009 Burke Rd Pasadena, TX 77506

    For Sale
    $5,900,000

    601-unit self-storage facility; value-add opportunity.

    Property size:
    60,595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity in Pasadena, Texas, presents a 601-unit self-storage facility totaling 60,595 square feet of net rentable space. This value-add property, ideal for a 1031 exchange, is priced at $5,900,000. The facility comprises two locations, 1009 Burke Rd and 2003 Cherrybrook Ln, situated approximately one mile apart and operated as a single business. While the majority of the facility is in good condition, some deferred maintenance is present. This includes roof replacements needed on a few buildings, some door replacements, and parking lot repairs, estimated at a total cost of $500,000. This presents a significant opportunity for an investor to enhance the property's value through strategic improvements. The property is located in Harris County, Texas, with a zip code of 77506. Detailed financial reports are available upon request via email. Contact information must be provided for a response.

    Property Features for 1009 Burke Rd

    General Information

    Property type
    Self storage facilities
    Square Feet
    60,595 SF

    Building Details

    Units
    601

    HighLights

    • $5,900,000 asking price for a value‑add self‑storage investment opportunity.
    • 60,595 square feet of net rentable space.
    • 601 units.
    • Located at 1009 Burke Rd & 2003 Cherrybrook Ln, Pasadena, TX 77506.
    • Approximately $500,000 in needed repairs (roof replacements, doors, parking lot).
    • Suitable for a 1031 exchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Burke Self Storage Self-Storage Facility U-Haul Neighborhood Dealer Van Rental Agency Len&Ken Lawn Service Lawn Care Service Len & Ken lawn ... Lawn Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.182852671485
    Latitude
    29.695349507082

    Nearby Similar for Sale

    • $951,252
      2,030 SF

      Retail/Office and Warehouse Space

      Retail building with warehouse on 5.04 acres in Pasadena.
      8050 Red Bluff Rd, Pasadena, TX 77507
      View Details
    • $895,000
      7,930 SF

      Pasadena Commercial Building For Sale

      7,930 SF commercial building in a developed Pasadena community.
      619 Jackson Ave, Pasadena, TX 77506
      View Details
    • $1,500,000
      37,233 SF

      Pasadena Office Building For Sale

      Four-story office building in Pasadena, Texas, with value-add potential.
      817 Southmore Ave, Pasadena, TX 77502
      View Details
    • $440,000
      1,325 SF

      Pasadena Commercial Property with Expansion Potential

      Versatile property with excellent visibility and room for growth.
      922 Main St, Pasadena, TX 77506
      View Details
    • $1,200,000

      Pasadena Retail Center For Sale

      Prime corner retail center in established Pasadena neighborhood.
      2037 Richey St, Pasadena, TX 77502
      View Details
    • $224,000

      Pasadena Warehouse for Sale

      Versatile warehouse space in Pasadena, TX, ideal for various uses.
      1120 Center St, Pasadena, TX 77506
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 601-unit self-storage facility; value-add opportunity.
    Where is this self storage facility located?
    The property is located at 1009 Burke Rd Pasadena, TX.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: $5,900,000 asking price for a value-add self-storage investment opportunity.; 60,595 square feet of net rentable space.; 601 units.
    Request Owner's contact information
    1009 Burke Rd Pasadena, TX 77506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1009 Burke Rd
    Pasadena, TX 77506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1009 Burke Rd Pasadena, TX 77506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.